Studio 4.05

Pure Investor are delighted to present studio 4.05 in Sovereign Newbank House, Sheffield. A luxury student development, ideally located in the heart of Sheffield city centre, and in close proximity to two leading universities. 

Sovereign House provides individually-designed luxury studio apartments for UK and overseas students living in central Sheffield. The spacious contemporary studios have been designed with students in mind with the modern day student in mind, and offer easy and convenient access to both the universities and the city centre shops, restaurants and cafes. 

The units are self-contained studios with an en-suite bathroom, bedroom area, study area, bespoke kitchen and living area. Currently tenanted at  £145 per week, you can generate NET yields of up 8.50%.

Key to the appeal of this high-specification student studio is the fact that it is fully managed by one of the UK’s leading student property management companies, StudentFM. As such, this property offers a genuinely ‘hands-free’ investment opportunity for investors seeking a high-yield passive income.

Studio 4.05 Sovereign House – Financials
Gross annual rental income (46 weeks x £145.80) = £6,706.00
Deductions:
Annual service charge = £2,214.53
SFM Management fee = £820.81
Annual ground rent = £384.00
Total Deductions = £3,419.34
Estimated net rental income = £3,286.67 

Payment Plan
Reserve your unit with a signed reservation form
Provide certified ID, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Remaining balance due on completion

Get in touch with the team